Allianz stock forecast: Record Q1 operating profit

Allianz reported record Q1 2026 operating profit of €4.52bn, alongside continued inflows at PIMCO and an ongoing €2.5bn share buyback. Explore third-party ALV price targets and technical analysis. Past performance is not a reliable indicator of future results.

By Dan Mitchell13:06 (UTC), 2 June 2026

Photo: Shutterstock

Allianz SE (ALV) is trading at €376.10 in afternoon European trading as of 12:27pm UTC on 1 June 2026, within an intraday range of €374.70–€383.40. Past performance is not a reliable indicator of future results.

Sentiment around the stock has been shaped by several near-term catalysts. Allianz reported a record Q1 2026 operating profit of €4.52bn, up 6.6% year on year, with PIMCO attracting €37.6bn in third-party inflows during the quarter, while Allianz Global Investors added €7.6bn (Bloomberg, 13 May 2026). The company's ongoing €2.5bn share buyback programme, which began in March 2026 and runs through December 2026, continued with 240,477 shares repurchased between 20 and 22 May 2026, adding one source of demand for the shares (Allianz SE, 27 May 2026). Broader European equity markets faced mixed conditions after Brent crude touched multi-year highs above $126 per barrel in late April 2026, though the Stoxx 600 recovered to close April with its largest monthly gain in over a year amid easing tensions (CNBC, 30 April 2026).

Allianz: Q1 profit and buyback shape third-party outlook

As of 1 June 2026, third-party Allianz stock predictions reflect a broadly constructive consensus following Allianz's record Q1 2026 operating profit of €4.52bn, reported on 12 May 2026. The following targets summarise leading third-party views on the stock across that window.

RBC Capital Markets (Sector Perform, Q1 review)

RBC Capital Markets maintained its Sector Perform rating on ALV after the Q1 2026 earnings release, keeping its 12-month price target at €400 while lifting longer-term profit, earnings and solvency forecasts. The bank noted good underlying momentum in property and casualty insurance and asset management, but stopped short of a rating or target upgrade amid valuation considerations (Finimize, 14 May 2026).

Barron's (22-analyst aggregate)

Barron's aggregates a 22-analyst average 12-month price target of €407.13 for ALV, around 8.3% above the 1 June 2026 last price of €376.10. The aggregate spans a wide range of individual views, with the post-Q1 earnings beat and ongoing buyback programme among the most frequently cited factors across contributing brokers (Barron's, 8 May 2026).

MarketScreener (18-analyst consensus)

MarketScreener's 18-analyst consensus places the average 12-month ALV price target at €403.90, with estimates ranging from €325 to €504, against a last close of €381.60. The mean recommendation across contributing analysts sits at an Outperform-equivalent, with the Q1 record operating profit and the group's confirmation that it remains on track for its full-year €17.4bn guidance cited as consensus anchors (MarketScreener, 31 May 2026).

Yahoo Finance (analyst aggregate)

Yahoo Finance shows a 12-month consensus price target of €403.90 for ALV, consistent with the broader multi-broker mean, alongside a forward annual dividend of €17.10 per share, reflecting the payment made on 12 May 2026. The data pool encompasses a range of covering brokers and aligns with a predominantly Hold-to-Outperform consensus skew following the Q1 earnings beat (Yahoo Finance, 1 June 2026).

Takeaway: across these sources, 12-month ALV price targets captured between 8 May and 1 June 2026 converge near a consensus mean of €403.90–€407.13.

Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.

Allianz earnings: Q1 2026 results and upcoming dates

Allianz reported record Q1 2026 operating profit of €4.52bn on 12 May 2026, up 6.6% year on year, with core earnings per share growth of 9% over the same period (Allianz SE, 13 May 2026). The result reached 26% of the group's full-year outlook midpoint, with strength in property and casualty insurance and asset management; PIMCO attracted €37.6bn in third-party net inflows, while Allianz Global Investors added €7.6bn (Bloomberg, 13 May 2026).

The group confirmed that it remains on track for its full-year 2026 operating profit target of €17.4bn, plus or minus €1bn, which it set alongside its FY2025 results earlier in the year (Allianz SE, 13 May 2026). Some analysts noted that the 2026 guidance midpoint sat slightly below prior market consensus of €18.1bn, though the Q1 delivery was broadly received as a strong start (MarketScreener, 13 May 2026).

The next scheduled earnings event is Allianz's Q2 2026 results, with MarketScreener listing 7 August 2026 as the confirmed earnings release date (MarketScreener, 12 May 2026). The ex-dividend date for the €17.10 per share annual dividend passed on 8 May 2026, with payment made on 12 May 2026 (StockEvents, 12 May 2026).

ALV stock price: technical overview

The ALV stock price is trading at €376.10 as of 12:27pm UTC on 1 June 2026, just below a dense moving-average cluster where the 20-, 50-, 100- and 200-day simple moving averages (SMAs) converge near €381, €377, €374 and €369, according to TradingView data. The last price holds marginally above the 50-day SMA at €376.90 and the 200-day SMA at €369.30, though it remains below the 20-day SMA at €381.40. This places the session price inside the broader moving-average band, rather than clearly above or below it.

Momentum indicators lean soft. The 14-day relative strength index (RSI) sits at 44.6, in lower-neutral territory, while the average directional index (ADX) reads 12.9, signalling a weak and undirected trend at this stage, according to TradingView oscillator data.

On the topside, the classic R1 pivot at €396.40 represents the nearest resistance reference. A daily close above that level would bring R2 near €411.20 into view. The Hull moving average (9) at €379.60 sits just above the current price and may act as a near-term overhead reference.

To the downside, the classic pivot point at €381.40 sits fractionally above the last price. A move below that level would bring S1 at €366.60 into view as the next classic support, with the 100-day SMA shelf at €373.90 acting as an intermediate reference, according to TradingView pivot data (TradingView, 1 June 2026).

This technical analysis is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

Allianz share price history (2024–2026)

ALV’s stock price opened June 2024 near €270, as part of a gradual multi-year recovery. The stock drifted lower through the summer, touching a two-year low of €240.35 on 5 August 2024 amid a sharp global equity sell-off triggered by the Bank of Japan’s surprise rate hike and a rapid unwinding of yen carry trades. The recovery was steady from there, with ALV climbing back through €280–€300 by late September 2024.

The stock closed 2024 at €296.10, then pushed higher into early 2025, reaching €315–€316 by late January before sliding back to a trough near €312 in early February 2025. A more sustained recovery took hold from March 2025, with ALV advancing through the €340s and €350s by mid-year, supported by broader European equity strength and Allianz’s record full-year operating profit of €17.4bn.

The sharpest drawdown of the period came in early April 2025, when the stock briefly plunged to an intraday low of €287.40 on 7 April 2025, coinciding with a global market rout following the announcement of sweeping US tariffs. ALV recovered quickly, reclaiming €390 by early January 2026 before pulling back to the mid-€340s in March 2026. It then recovered again through April and May 2026, reaching a high of €397.50 on 21 April 2026.

ALV closed at €375.90 on 1 June 2026, approximately 4.2% below its 2 January 2026 open of €390.80, but around 27% above its 5 August 2024 intraday low.

Past performance is not a reliable indicator of future results.

Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.

Allianz (ALV): Capital.com analyst view

Allianz’s 2026 price performance reflects a stock balancing clear fundamental support against a more challenging valuation backdrop. The group’s record Q1 2026 operating profit of €4.52bn, its €2.5bn share buyback programme running through December 2026 and the €17.10 per share dividend paid in May 2026 all point to strong capital generation and shareholder returns. PIMCO’s continued third-party inflows also add a diversified earnings element that differentiates Allianz from pure-play insurers.

That said, the stock’s year-to-date softness, down around 4% from its January 2026 open, suggests markets are weighing the group’s relatively flat 2026 operating profit guidance against expectations. Some analysts have noted that the €17.4bn full-year target falls short of prior consensus near €18.1bn.

The broader investment case carries competing forces. Allianz’s S&P ‘AA’ credit rating and high Solvency II ratio underline financial resilience, while the diversified model across property and casualty insurance, life insurance and asset management provides some buffer against segment-specific shocks. However, capital market volatility remains a meaningful risk. Elevated equity and credit market stress could reduce the value of Allianz’s investment portfolio and pressure solvency metrics. Macro headwinds, including geopolitical uncertainty and European growth concerns, add further complexity to the near-term picture.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not a reliable indicator of future results.

Capital.com’s client sentiment for Allianz CFDs

As of 1 June 2026, Capital.com client positioning in Allianz CFDs sits at 97.6% buyers versus 2.4% sellers, putting buyers ahead by 95.2 percentage points and placing sentiment firmly in heavy-buy, one-sided-towards-longs territory. This snapshot reflects open positions on Capital.com and can change.

Summary – Allianz 2026

ALV is trading at €376.10 as of 12:27pm UTC on 1 June 2026, around 4% below its January 2026 open and roughly 27% above its August 2024 two-year low of €240.35.
Key price drivers include Allianz’s record Q1 2026 operating profit of €4.52bn, the ongoing €2.5bn share buyback programme and PIMCO’s continued third-party inflow momentum.
Full-year 2026 operating profit guidance of €17.4bn missed prior analyst consensus near €18.1bn, presenting a counterweight to the otherwise strong fundamental picture.
The next scheduled earnings event is Q2 2026 results, anticipated on 7 August 2026, which may act as the next significant catalyst for the share price.

Past performance is not a reliable indicator of future results.

FAQ

Who owns the most Allianz stock?

Allianz has a broad shareholder base, with ownership typically spread across institutional investors, asset managers and retail shareholders. Large institutions may hold meaningful positions on behalf of clients through index funds, pension funds or actively managed portfolios, but these holdings can change over time. For the most accurate picture, traders should refer to Allianz’s latest shareholder disclosures and regulatory filings, as ownership data may vary depending on the reporting date and source.

What is the five-year Allianz share price forecast?

A five-year ALV stock forecast would depend on factors including earnings growth, capital returns, insurance pricing, asset management inflows, interest rates and broader equity market conditions. The article focuses on 12-month third-party analyst targets, which cluster around €403.90–€407.13, with individual estimates ranging from €325 to €504. Longer-term forecasts are less certain, as macroeconomic conditions, claims trends and capital market volatility can materially affect insurer valuations.

Is Allianz a good stock to buy?

Whether Allianz is a good stock to buy depends on individual objectives, risk tolerance and market view. The company has reported record Q1 2026 operating profit, continued its €2.5bn buyback programme and paid a €17.10 dividend, all of which point to strong capital generation. However, the stock has also faced year-to-date softness, and full-year guidance sat below prior consensus. This is not investment advice, and traders should do their own research.

Could Allianz stock go up or down?

Yes. Allianz stock could move in either direction, depending on company results, analyst revisions, capital returns, insurance claims, asset management inflows and wider market conditions. A stronger earnings outlook, continued buybacks or resilient PIMCO flows could support sentiment, while weaker guidance, market volatility, geopolitical risks or pressure on solvency metrics could weigh on the price. Technical indicators in the article also suggest no clear directional trend at the time of writing.

Should I invest in Allianz stock?

Only you can decide whether Allianz stock fits your financial goals, time horizon and risk appetite. The article outlines both supportive factors, such as record Q1 operating profit and capital returns, and risks, including valuation concerns, macro uncertainty and potential pressure from capital market volatility. Consider using multiple sources, including company reports, third-party research and independent financial advice where appropriate. Past performance is not a reliable indicator of future results.

Can I trade Allianz CFDs on Capital.com?

Yes, you can trade Allianz CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.